KKR-backed LEAP India completed the acquisition of the CHEP India business from Brambles for $85m.

KKR-backed LEAP India, an asset pooling solutions provider, completed the acquisition of the CHEP India business from Brambles, a global provider of logistics solutions, for $85m. “Brambles entered the Indian market more than a decade ago and has made good progress in establishing many of the fundamental elements that support both customer and shareholder value creation from pooling in the future. However, creating meaningful value from further investment in CHEP India, requires a long-term timeframe. The consolidation of CHEP India into LEAP’s existing equipment pooling operations provides opportunities for efficiencies and a strengthened customer offering in this market over the long term," Graham Chipchase, Brambles CEO.